Posted: Thu 30th May 2019
Businesses are much easier to start than to grow. But in the life of every successful company, there's a moment when everything comes together; a decision or agreement that changes everything. The start of something.
To examine the pivotal moments that make growth happen, DocuSign launched The Start of Something: Lessons in Scale research and event series. The following tips on how to grow your business are an extract from the campaign report which you can download in full here.
Identify your own barriers to scaling, and then 'tool up'. Investments in the right people and the right digital infrastructure are efficient and effective changes you can make.
Hire the best people you can, learn to delegate and empower then to make decisions and contribute to the direction of the business.
Easy-to-use systems that automate daily processes, avoid delayed customer payments, share infrastructure, and create flexible working methods help the work to be better, but also help the reputation of the business as forward-thinking.
Focus on what the team does best, and build a network of outsourcing solutions to deliver the rest.
Having the capacity, resources and agreements in place to scale quickly will help cement your status as a market leader in the face of competition.
All stakeholders from customers to investors expect business to be done quickly and professionally, driving up the value of the business faster.
Products and services and their maintenance costs need to deliver value for the future. Find tierbased solutions that can grow and extend with your business.
Tools should have the end goal in mind, from reporting to contract signatures, and be embedded in the business processes.
Simple reporting, updates, and easy electronic systems help to keep your supporters in the loop, and your most important relationships transparent and helpful.
Hold onto the vision and conviction that was the start of something, whilst also being prepared to adapt and take on new perspectives.
Take the first step to successfully starting and growing your business.